Which term refers to a report containing detailed information about a person's credit history, including credit accounts and loans?

• A. Credit Score
• B. Balance
• C. Overdraft Fee
• D. Credit Report

Answer: (D)

A credit report is a detailed history of how someone borrows and pays back money. It lists all credit accounts and loans, showing when they were opened, current balances, credit limits, and the payment history (including any late payments). It also may include public records like bankruptcies and any hard inquiries from lenders. Lenders use this report to assess risk and decide whether to approve new credit and at what terms. The other terms don’t fit because a credit score is just a number that estimates creditworthiness, a balance is the current amount owed on a specific account, and an overdraft fee is a bank charge for spending more than available funds.